The 14 percent of terrorism-related business interruption claims that remain open represent more than twice the potential loss exposure of previously settled claims stemming from the Sept. 11, 2001, attacks, according to a Pricewaterhouse Coopers analysis.
Business interruption coverage continues to represent the largest portion of claims stemming from those events. Pricewaterhouse anticipates that 30 percent, or $12 billion, of the total loss estimates of $40.2 billion can be attributed to business interruption claims. Of the 5,493 business interruption claims filed, 4,735 had been paid as of June 2003, totaling $3.4 billion. The approximately 768 that remain open, however, have a loss exposure of $8.6 billion.
